Remove 2009 Remove Cash For Clunkers Remove Purchase
article thumbnail

Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. miles per gallon (9.4

article thumbnail

Study Finds Cash for Clunkers Program Boosted Average Fuel Economy of All Vehicles Purchased by 0.6 mpg in July and 0.7 mpg in August

Green Car Congress

Average fuel economy of purchased new light-duty vehicles by month, including projection without the program. Source: Sivak and Schoettle 2009. mpg in July 2009 and 0.7 mpg in August 2009. mpg in July 2009 and 0.7 mpg in August 2009. mpg in July 2009 and 0.7 mpg in August 2009. Earlier post.)

article thumbnail

Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

Green Car Congress

The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. His analysis, titled “The Implied Cost of Carbon Dioxide Under the Cash for Clunkers Program,” was published online 13 August by the University of California Energy Institute.

article thumbnail

Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit

Green Car Congress

Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 Burton and Paarsons (2009). 2009) Is CARS a Clunker? 0812835106.

article thumbnail

ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

In 2009, the Obama administration launched the Car Allowance Rebate System, a program that was intended to not only stimulate spending, but also to improve energy efficiency and safety by encouraging people to upgrade to new cars. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers.

article thumbnail

Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% Compared to June 2009, volume was up nearly 12,000 vehicles. The 2009 model Escape Hybrid and Mariner Hybrid are the most fuel-efficient utility vehicles in America. Click to enlarge.

article thumbnail

UK Scrappage Scheme Encouraging Shift to Smaller, Fuel-Efficient Cars

Green Car Congress

The new vehicle purchased must be a car or small van weighing up to 3,500 kg first registered in the UK on or after mid-May 2009, The switch to greener cars as a result of the UK scrappage scheme echoes the pattern set by the US “cash-for-clunkers” scheme, which saw SUVs and pick-up trucks account for 83% of the most-traded cars.

Scrappage 186